Oracle 1z0-1054-23 dumps torrent : Oracle Financials Cloud: General Ledger 2023 Implementation Professional

  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: May 31, 2026     Q & A: 52 Questions and Answers

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Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:

1. There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A) Journal Level
B) Subledger level
C) Adjustment only level
D) Balances Level
E) Spreadsheet level


2. Task3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
Ensure all maps are numeric only.
When creating your mapping rules for each segment
please allow for existing and future segment values


3. You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)

A) Child values in these hierarchies can belong to only one parent.
B) You can have only one version of a hierarchy published to the Essbase cube at any time.
C) Hierarchies for reporting and allocations have to be published to Essbase cubes.
D) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.


4. You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A) Data model
B) Layout template
C) Output type
D) Style template
E) Sub template


5. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

A) Budgeting is not enabled in the Ledger options.
B) A value for the budget scenario is not created.
C) Transfer Budget Balances to Budget Cubes has not been run.
D) Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
E) The Create Scenario Dimension Members program has not been run.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: Only visible for members
Question # 3
Answer: A,B
Question # 4
Answer: A,B
Question # 5
Answer: B,E

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